total interest-bearing debt, floating interest rates make up 59%. Net interest-bearing debt to equity ratio stood at 0.55 times, increased from the ratio at the end of 2019 at 0.37x. Although the Company

Equity Ratio The interest-bearing debt of the Company stood at THB 6,238.4mn while cash and cash equivalents stood at THB 774.2mn. As a result, the debt to equity ratio1 was 1.11 times as of 30 June 2018

share as of February 28, 2017. For nine month period of 2017, the Company recorded return on equity (ROE) at 19.0% and return on asset (ROA) at 3.6% and equity ratio of 18.6%. Debt to Equity ratio as of

and from 73 days to 83 days for the six-month period. For a debtor with debt problem, the Company has set aside allowance for doubtful accounts. That debtor has to repay monthly on a monthly basis

Financial Ratio Quarter Quarter Quarter 3/2018 2/2019 3/2019 Current ratio 0.51 0.61 0.57 Debt to equity ratio 2.47 1.84 1.95 Interest bearing debt ratio 1.21 0.79 0.87 Return on asset 13.9% 15.5% 15.6

financial position remains strong with low debt-to-equity ratio and high current ratio. Global Green Chemicals Public Company Limited Management Discussion and Analysis | 3 10% 90% 1Q2019 41% 59% 1Q2018 444 8

Current ratio 0.54 0.51 0.58 0.54 0.58 Debt to Equity ratio 2.19 2.47 2.13 2.19 2.13 Interest Bearing Debt ratio 1.13 1.21 0.99 1.13 0.99 Return on Asset 14.6% 13.9% 14.3% 14.6% 14.3% Return on Equity 43.1

(x) 1.69 1.93 (0.24) The increase in current portion from long-term loan Return on Equity (%) 0.79 1.96 (5.95) The decrease of operational performance Debt-to-Equity Ratio (x) 0.20 0.19 0.01 The

% Net profit margin (%) 4.58% 3.03% 1.55% Efficiency Ratio Return on equity (%) 4.24% 3.46% 0.78% Return on assets (%) 3.46% 2.75% 0.71% Financial Policy Ratio Debt to equity ratio (Time) 0.19 0.30 (0.11

finance cost of Baht 639.83 million, decreasing by Baht 73.51 million or 10.30 % from the same period of 2017 because of decreased average cost of debt. Net-Debt-to-Equity ratio according to the Company’s